Number of traders net-short has decreased by 12.79% from last week.
SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
BEARISH | 50.44% | 49.56% | 18.65% Daily 27.22% Weekly | -10.71% Daily -12.79% Weekly | 2.02% Daily 3.65% Weekly |
AUD/JPY: Retail trader data shows 50.44% of traders are net-long with the ratio of traders long to short at 1.02 to 1. In fact, traders have remained net-long since Mar 11 when AUD/JPY traded near 84.52, price has moved 1.46% lower since then. The number of traders net-long is 18.65% higher than yesterday and 27.22% higher from last week, while the number of traders net-short is 10.71% lower than yesterday and 12.79% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests AUD/JPY prices may continue to fall.
Our data shows traders are now net-long AUD/JPY for the first time since Mar 11, 2021 when AUD/JPY traded near 84.52. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/JPY-bearish contrarian trading bias.
